§ Mr. CousinsTo ask the President of the Board of Trade if he will list the contingent liabilities and interest generated under section 2 of the Export and Overseas Investment Guarantees Act 1978 and charged to the Consolidated Fund accounts in each year since 1981.
§ Mr. NeedhamECGD's liabilities under section 2 of the 1978 Act, as notified in the Department's statutory return, were as follows:
Year Ending £ thousands 31 March 1983 21,286 31 March 1984 22,590 31 March 1985 23,641 31 March 1986 21,043 31 March 1987 20,326 31 March 1988 19,442 31 March 1989 20,737 31 March 1990 16,767 31 March 1991 15,096 No record is held of the figure prior to March 1983. Likewise no information is available after March 1991 as the section 2 category lapsed when the 1978 Act was superseded by the 1991 Export and Investment Guarantees Act.
ECGD's accounting records have been maintained on a basis which allows interest earned or charged to the notional section 2 Consolidated Fund balance to be detailed only up to the 31 March 1987. The amounts were as follows:
Year £ Million 1981–82 +53.7 1982–83 +32.3 1983–84 +14.7 1984–85 -3.4 1985–86 -17.4 1986–87 -37.1
§ Mr. CousinsTo ask the President of the Board of Trade how much interest support payments from the Ministry of Defence are shown in the annual accounts of the Export Credits Guarantee Department.
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§ Mr. NeedhamThe level of contributions from the Ministry of Defence towards interest support payments, as shown in the appropriation accounts of the Export Credits Guarantee Department, are as follows:
Year £ 1986–87 894,000 1987–88 972,000 1988–89 1,119,000 1989–90 993,000 1990–91 1,058,000 1991–92 920,000 1992–93 797,000 1993–94 597,000 The above totals relate to the interest support scheme reported under ECGD's export finance assistance vote.